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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Conduct of Business Module (COB) [VER33/07-19]
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COB 7.10.3



Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

(1) An InsurerG , in Effecting Contracts of InsuranceG , must promptly document the principal economic and coverage terms and conditions agreed upon under any Contract of InsuranceG and finalise such contract in a timely manner.
(2) An InsurerG , Insurance IntermediaryG or Insurance ManagerG must, as soon as reasonably practicable, provide a ClientG with written confirmation and details of the insurance which it has effected for the ClientG or has obtained on behalf of the ClientG , including any changes to an existing ContractG of InsuranceG .
(3) An InsurerG , Insurance IntermediaryG or Insurance ManagerG must, as soon as reasonably practicable, provide the ClientG with the full policy documentation where this was not included with the confirmation of cover.
(4) In (2) and (3), a ClientG of an Insurance ManagerG is any PolicyholderG with whom the Insurance ManagerG interacts when carrying on its Insurance ManagementG activities.
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]
[Amended] DFSA RM97/2012 (Made 24th July 2012) [VER20/07-12]
[Amended] DFSA RM182/2016 (Made 19th June 2016) [VER27/08-16]